LIFENET INSURANCE COMPANY will acquire all shares of Kizuna Short-Term Insurance, which operates a short-term insurance business, and make it a wholly owned subsidiary. The share transfer agreement is scheduled to be dated 15 October 2026, with completion of the transfer scheduled for April 2027.
LIFENET INSURANCE COMPANY has disclosed its policy of acquiring all shares of Kizuna Short-Term Insurance, a short-term insurer, and making it a wholly owned subsidiary. The stated objectives are to establish an operating platform that can rapidly and seamlessly provide embedded products to the customer bases of alliance partners through agile service delivery and the use of licences, and to strengthen the embedded business.
The share transfer agreement is dated 15 October 2026, and completion of the transfer is scheduled for April 2027. The shares to be transferred are all shares of Kizuna Short-Term Insurance Co., Ltd., which LIFENET INSURANCE COMPANY is scheduled to acquire and make a wholly owned subsidiary.
As information on the acquiring company, LIFENET INSURANCE COMPANY is located at Nibancho Center Building, 8th Floor, 5-25 Nibancho, Chiyoda-ku, Tokyo. Its share capital is ¥26.675 billion, it was established in October 2006, and its business is the provision of life insurance products and other services, with the internet as its primary sales channel. As information on the transferring company, Kizuna Short-Term Insurance has an office in Nishiki, Naka-ku, Nagoya, Aichi Prefecture. It was established in July 2022, has share capital of ¥96 million, and, as a short-term insurer, provides one-year renewable death insurance.